www.boomforex.net has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.boomforex.net.
www.boomforex.net offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Easy withdrawals|Stable platform|Good analytical tools
Cons: Alert system is basic
After spending for roughly four months trying to make www.boomforex.net work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Good mobile app|Helpful community forum|Educational resources|Smooth onboarding
Cons: None so far
I experienced a security concern with my www.boomforex.net account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Excellent charting|No hidden fees|Portfolio tracking tools|Economic calendar
Cons: Desktop app not available on Linux
If you are reading this considering www.boomforex.net - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over since early this year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: API access|Excellent charting
Cons: Wait times can be long during peak hours
I requested my data from www.boomforex.net under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Helpful community forum|Personal attention
Cons: Account statements could be more detailed